What will rent be in 2020?

[jdirgo]

The days of positive cash-flow rentals on the east side of the island are gone, and I don't expect them to return for a very long time. There will always be exceptions, of course (for example, not long ago there was a cheap condo in the Puueo area in Hilo that could have had positive cash flow, but that was an unusual thing). But for the most part, rents will be lower than mortgage unless you made a pretty good down payment. Maybe by 2020...

John Dirgo, R, ABR, e-PRO
Aloha Coast Realty, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com

Edited by - jdirgo on 10/15/2007 15:22:24